Kevin Ulrich

Kevin Ulrich is an American investor and hedge fund manager who serves as the chief executive officer and chief investment officer of Anchorage Capital Group, a prominent alternative investment management firm. He co-founded the New York City-based firm in 2003, building it into a major player in distressed securities and special situations investing. Ulrich is also known for his significant role on the board of directors of MGM Resorts International and for his involvement in various philanthropic endeavors, particularly in the arts.

Early life and education

Details regarding his early life are not widely publicized. He pursued his higher education at the University of Michigan, where he earned a Bachelor of Arts degree. Following his undergraduate studies, Ulrich furthered his education at the University of Chicago Booth School of Business, graduating with a Master of Business Administration. His academic background in finance and business administration provided a foundation for his subsequent career in investment banking and asset management.

Career

Ulrich began his professional career in the financial services sector, working as an investment banker at Goldman Sachs within their mergers and acquisitions division. He later transitioned to the hedge fund industry, joining the high-yield and distressed debt trading desk at Merrill Lynch. In 2003, leveraging his experience in corporate restructuring and credit analysis, he co-founded Anchorage Capital Group alongside Tony Davis. Under his leadership, the firm has managed capital for a diverse group of institutional investors, including public pension plans, sovereign wealth funds, and endowments. A notable chapter in his career was his extensive involvement with MGM Resorts International, where he served as chairman of the board from 2020 to 2022, guiding the company through a period of significant financial restructuring and strategic challenges posed by the COVID-19 pandemic.

Business ventures and investments

Through Anchorage Capital Group, Ulrich has overseen investments across a wide array of sectors and complex financial situations. The firm's strategy often involves taking active roles in the bankruptcy proceedings and debtor-in-possession financing of companies. Significant investments have included positions in Tribune Company during its Chapter 11 reorganization, the casino and hospitality giant MGM Resorts International, and the European telecommunications company Wind Telecomunicazioni. His investment approach is characterized by deep fundamental research into corporate bonds, bank loans, and other structured credit instruments. Beyond his fund, Ulrich has been involved in other ventures, including serving on the board of the film studio and entertainment company Metro-Goldwyn-Mayer.

Personal life

Ulrich maintains a relatively private personal life. He is married and resides in New York City. His interests extend into the world of arts and culture, which aligns with his philanthropic activities. He is known to be an avid supporter of contemporary visual arts and theatre.

Philanthropy

Ulrich is actively engaged in philanthropy, with a pronounced focus on arts and education. He serves on the board of trustees of the Whitney Museum of American Art in New York City, where he has contributed to acquisitions and exhibitions. He and his wife are also significant benefactors of the University of Michigan, having made substantial donations to support the Museum of Art and various academic initiatives. His philanthropic commitments further include support for the Theatre for a New Audience in Brooklyn, demonstrating a sustained dedication to fostering cultural institutions and arts education.

Category:American hedge fund managers Category:University of Michigan alumni Category:University of Chicago alumni